Bitcoin fell 5% on Friday, November 14, sliding to $94,483 as a broader risk-off mood swept through global financial markets.
The steep drop compounds recent losses, pulling the world’s largest cryptocurrency to its lowest level in six months. The move underscores a growing sense of investor caution driven by several overlapping market pressures.
A major contributor to the downturn is fading optimism over near-term interest rate cuts from the U.S. Federal Reserve. As expectations for lower rates recede, demand for risk-sensitive assets like cryptocurrencies weakens. At the same time, renewed worries about overall market liquidity and concerns about stretched valuations in the technology sector are adding to volatility and prompting a broader flight from risk.
Shortly after hitting its intraday low, Bitcoin was down 4.59% at $95,053.54 as of 7:48 a.m. ET. Ethereum, the second-largest cryptocurrency, followed suit, declining 4.36% to $3,088.78.
